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Nov 14, 2012
11/12
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FBC
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oil prices are a bewether for the economy. at will happen if thereis mess or no fiscal cliff, kely oil prices will remain 70 to $90 a barrel espeally with all the news coming out with.s. production is booming. it will be a weight on oil price. >> i'm fishing here desperately for a piece of something good. is the gas crisis in new york and new jersey and long island, is that over? >> you know, that'soming to a close. we're seeing traffic o our website in response to finding gas go down significantly. last time i checked yesterday 41% of stations now had gas. that was up from 24% just friday. so the situation there is slowly coming to an end and hopefully by thanksgiving new yorkers will start to see lower prices. melissa: slowly getting better. i'm going to hang my hat on that one. there you go. i'm going to quit while i'm ahead which i'm not. i will get out of her >> thank you. melissa: obviously not only oil and gas prices affected by greece's latest financialal problems. we've been folling this situation closely on "money" b
oil prices are a bewether for the economy. at will happen if thereis mess or no fiscal cliff, kely oil prices will remain 70 to $90 a barrel espeally with all the news coming out with.s. production is booming. it will be a weight on oil price. >> i'm fishing here desperately for a piece of something good. is the gas crisis in new york and new jersey and long island, is that over? >> you know, that'soming to a close. we're seeing traffic o our website in response to finding gas go...
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Nov 14, 2012
11/12
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CSPAN
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a lot of benefit in doing that for the economy. i think this is a solvable problem and we want to do as much as we can to take advantage of this opportunity to make some progress on each of those fronts. >> one thing about which there does not appear to be agreement -- that is, should the bush tax cuts on over $250,000 be extended, or should they be raised? i heard jay carney say there is no way the president will agree to anything that extends the tax cuts on the upper two brackets. that sounds like a line in the sand. is it? >> it is important to start by acknowledging that we find this encouraging that you have seen republican leaders in the last couple days explicitly embrace the recognition and support for as part of the balance of fiscal reforms a package that raises revenues. that is very important. that is very encouraging. reckoning the basic reality of how you govern a country like this in the face of the challenges we face. that is good. you know the president's position -- very simple. let's expand middle-class tax cuts
a lot of benefit in doing that for the economy. i think this is a solvable problem and we want to do as much as we can to take advantage of this opportunity to make some progress on each of those fronts. >> one thing about which there does not appear to be agreement -- that is, should the bush tax cuts on over $250,000 be extended, or should they be raised? i heard jay carney say there is no way the president will agree to anything that extends the tax cuts on the upper two brackets. that...
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pinball type of machinery it would have said tilt tilt tilt to alert the world that in fact the global economy was crashing but however the purveyors of the global banking system played on. well they're playing on this game of pinball in iceland and i wanted to look at this because the government authorities there are trying to get the balls to go into the right holes in the pinball game and it's not quite working iceland seas bubble threat from foreign investor cash mortgages so max apartment prices have soared seventeen percent since april two thousand and ten are now just one point seven percent below the pre-crisis peak in march of two thousand and eight the boom stems from currency restrictions imposed in two thousand and eight to prevent the collapse of the current after the country's biggest banks defaulted on eighty five billion dollars of debt so housing bonds are the place where all these investors who've been trapped in the country because of capital controls brought in in two thousand and eight so you've got billions of dollars of investor capital trapped there and they're all goin
pinball type of machinery it would have said tilt tilt tilt to alert the world that in fact the global economy was crashing but however the purveyors of the global banking system played on. well they're playing on this game of pinball in iceland and i wanted to look at this because the government authorities there are trying to get the balls to go into the right holes in the pinball game and it's not quite working iceland seas bubble threat from foreign investor cash mortgages so max apartment...
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find out what's really happening to the global economy with max cause or for a no holds barred look at the global financial headlines tune into kinds a report on our.
find out what's really happening to the global economy with max cause or for a no holds barred look at the global financial headlines tune into kinds a report on our.
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economy. you know i've been following natural gas and i think natural gas has been one of those stories that's been lost during this whole crisis where i think it's incredibly helpful to the u.s. we've got cheap natural gas you know the u.s. did not worry so much about being a producing nation or a manufacturing nation and through two thousand and four two thousand and seven we were about housing finance and now we want to be producers we want to manufacture things again and this cheap natural gas has been you know a huge boon to that it is helping get some business back onshore and i think if this report is correct on oil that's further help and i think at the same time you know the politicians have to address and help the country move forward on these resources there is way too much time spent silly or poorly thought out you know green energy products projects you know so linder was a disaster it wasn't the only one and it's time let's harness the resources that we have that we know how to u
economy. you know i've been following natural gas and i think natural gas has been one of those stories that's been lost during this whole crisis where i think it's incredibly helpful to the u.s. we've got cheap natural gas you know the u.s. did not worry so much about being a producing nation or a manufacturing nation and through two thousand and four two thousand and seven we were about housing finance and now we want to be producers we want to manufacture things again and this cheap natural...
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and the other problem of course is the structural reforms if they have come at a time when the economy wasn't in such a state of freefall the have a much better chance of working and kick starting some kind of recovery now in the condition of total depression it's impossible for them to. kick start anything that's a really interesting point and i know too just from the political side there was some drama surrounding the actual voting for these two bills in parliament there were members of both in and out of the governing coalition that broke ranks with their party with their votes and this leads plus saka new democracy traditionally the two largest political parties in greece that have jostling for power over the past thirty years they're just one seat shy of losing a majority and they're part of a weak coalition that includes just a small center left party so do you think the current governing governing coalition can hold. well it's so very tenuous i mean new democracy they are by far the largest part. they're down to one hundred twenty five m.p.'s out of a dozen three hundred plus sh
and the other problem of course is the structural reforms if they have come at a time when the economy wasn't in such a state of freefall the have a much better chance of working and kick starting some kind of recovery now in the condition of total depression it's impossible for them to. kick start anything that's a really interesting point and i know too just from the political side there was some drama surrounding the actual voting for these two bills in parliament there were members of both...
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Nov 8, 2012
11/12
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WETA
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economy, economists worry that, as the global economy slows down, u.s. exports may follow suit. hurricane sandy showed up in the latest report on jobless claims, making them artificially low. initial claims for unemployment benefits dropped by 8,000 to a seasonally adjusted 355,000 at the end of last week. the number is expected to be revised higher as more data is collected. the labor department says one state filed fewer claims because of power outages, while the storm boosted claims in other states where more people looking for relief. later in the program, we'll look at sandy's impact on retailers. >> tom: the biggest bank in america has the okay now from uncle sam to pay back shareholders. jpmorgan will be allowed to restart a stock buyback plan early next year. like all systemically important banks jpmorgan has to get regulatory approval to change its dividend or stock-repurchase plan. the regulators want banks toncnl firepower to withstand troubled times before the banks will spend money on share holders. jpmorgan's buyback strategy was suspended this year after it lost $
economy, economists worry that, as the global economy slows down, u.s. exports may follow suit. hurricane sandy showed up in the latest report on jobless claims, making them artificially low. initial claims for unemployment benefits dropped by 8,000 to a seasonally adjusted 355,000 at the end of last week. the number is expected to be revised higher as more data is collected. the labor department says one state filed fewer claims because of power outages, while the storm boosted claims in other...
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economy. well absolutely shale gas has already have revolutionized the energy sector in the united states according to some estimates about how of the natural gas production that the u.s. will come from shale gas by twenty twenty that's just seven years from now and the u.s. is likely to become an l n g exporter in the near future instead of importing gas into the country as it previously did and according to robert jones from the international energy agency the authors of the report shale gas could also spell trouble for some of the arctic shelf projects including those of russia. that may be a cheaper alternative that may delay the exploitation of the arctic resources. but you know if people can can exploit a resource economically i think they will look at their investment opportunities and see where it stacks up and i wouldn't i wouldn't be at all surprised if we don't see some investment getting started but i don't think it'll it'll happen over night. but while it's really changing the nat
economy. well absolutely shale gas has already have revolutionized the energy sector in the united states according to some estimates about how of the natural gas production that the u.s. will come from shale gas by twenty twenty that's just seven years from now and the u.s. is likely to become an l n g exporter in the near future instead of importing gas into the country as it previously did and according to robert jones from the international energy agency the authors of the report shale gas...
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there is nothing actually guiding this global economy is just a random behavior of hot money back. you know around inside the capitol controlled world of a pinball machine god whacked out and there's no way to predict it and i still know slyness of caught right back up into the volcano of justifying well yes the thing is whether or not they could ever exit the game whether they could ever enter the real world again from their virtual currency world because as the times today in london was saying that perhaps iceland what's going to happen when they ever actually have to go back into the real bond market and people fear being trapped there now a big bond market story is in the news from argentina because as you know in two thousand and two they defaulted on hundred billion dollars well ninety three percent of the bond holders of the one hundred billion have accepted basically reduced payout but seven percent held out and they went through the courts and now the courts in the u.s. the u.s. federal courts have ruled that basically argentina has to pay everybody out all those hundred b
there is nothing actually guiding this global economy is just a random behavior of hot money back. you know around inside the capitol controlled world of a pinball machine god whacked out and there's no way to predict it and i still know slyness of caught right back up into the volcano of justifying well yes the thing is whether or not they could ever exit the game whether they could ever enter the real world again from their virtual currency world because as the times today in london was...
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Nov 13, 2012
11/12
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KCSM
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t economy moves further, japan will be back in a technical recession, defined as two consecutive quarters of reacon >> returning now to the top story, in your top finance ministers meeting in brussels to discussegree to bailouts. we're joined now with more from our brussels correspondent. ys it taking so long or eu finance ministers to agree on releasing the next tranche of funds f greece? >> the terms of the deal have to be renegotiated. the troika as recommended more time to take up paying off the debt of some of the more time ans more money. now there are intense discussions going on among the people who will have to come up with that money and the proper ways that, unless the group comes up with a sustainable road map to talk about hate they will have financing in greece, the ecb is not willing to step in and help out with temporary mechanisms unless the ecb steps in, we all know that it looks really bad for greece this week. >> , having trouble with the draft agreement being discussed in brussels and including the idea that greece should be given an extra two years to meet debt reduc
t economy moves further, japan will be back in a technical recession, defined as two consecutive quarters of reacon >> returning now to the top story, in your top finance ministers meeting in brussels to discussegree to bailouts. we're joined now with more from our brussels correspondent. ys it taking so long or eu finance ministers to agree on releasing the next tranche of funds f greece? >> the terms of the deal have to be renegotiated. the troika as recommended more time to take...
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is worrying that the chinese economy will overtake it in size in a few years well actually it's been slowing down so basically to prevent that from coming into a really hard landing the new government needs to undergo a lot of reforms so we're talking about that in a couple of minutes of business. in japan the average height for men is one hundred eighty two centimeters ten centimeters shorter because of that some employers refused to hire me one of them even told me directly that i was too short to deal with the client's computers already spent three months in this hospital and plans to stay for another four to add the coveted seven santa majors to his stature invented by the famed soviet orthopedic is good for you is there a from the nineteen fifties these frames were initially used to treat fractures in deformities by cutting bones and slowly pulling them up or therefore stimulating tissue regeneration it was out of was able to receive arms and legs and people who thought they were crippled for life be sent to the other patients shattered bones and in many cases their shattered li
is worrying that the chinese economy will overtake it in size in a few years well actually it's been slowing down so basically to prevent that from coming into a really hard landing the new government needs to undergo a lot of reforms so we're talking about that in a couple of minutes of business. in japan the average height for men is one hundred eighty two centimeters ten centimeters shorter because of that some employers refused to hire me one of them even told me directly that i was too...
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Nov 12, 2012
11/12
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KCSMMHZ
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at the press conference, she sang in the praise of the prime minister's efforts to reform the economy. >> i think the prospects have a markedly improved as a result of the reform program and the government's bold actions. >> many in portugal have lost faith in european leaders. antagonism towards the heads of the german and portuguese governments has reached new heights. >> the way they treat us is a joke. he is no more than merkel's puppet and what they're doing is just wrong. the sacrifices we are being asked to make our a reasonable. "she is just one of many voices calling on them to live within their means but many face an uncertain future with increasing poverty levels and they are determined to resist any more economic pain. >> as we just saw, the portuguese austerity measures are not very popular. we asked our correspondence much and she had today to convince the portuguese of the need for continued austerity. >> she said she is here to see firsthand how the process is going on. her colleague told her about the process and of course she was already a winner of the statistics sh
at the press conference, she sang in the praise of the prime minister's efforts to reform the economy. >> i think the prospects have a markedly improved as a result of the reform program and the government's bold actions. >> many in portugal have lost faith in european leaders. antagonism towards the heads of the german and portuguese governments has reached new heights. >> the way they treat us is a joke. he is no more than merkel's puppet and what they're doing is just...
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Nov 15, 2012
11/12
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KCSMMHZ
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in the netherlands, the economy contracted in the third quarter. one reason is more and more consumers are cutting back on their spending, fearing tough times ahead. another reason is that businesses are also scaling back. manufacturers also anticipate weaker demand from struggling eurozone partners. >> news of the recession did not pull down the market drastically. our correspondence sent us this report from the frankfurt stock exchange. >> of course it is bad news that the economy and the eurozone slipped into recession, but still, traders managed to find a few positive aspects in the reports. in italy, the contraction was much smaller than what economists had anticipated. france against the odds managed to produce positive gross domestic product. this means, for germany, the possibility remains intact that our economy during the current quarter remains in positive territory as well. the biggest-loser shares this thursday were shares of lufthansa. the negotiated pay increase for the cabin crew threatens the cost-cutting targets of the airline, so
in the netherlands, the economy contracted in the third quarter. one reason is more and more consumers are cutting back on their spending, fearing tough times ahead. another reason is that businesses are also scaling back. manufacturers also anticipate weaker demand from struggling eurozone partners. >> news of the recession did not pull down the market drastically. our correspondence sent us this report from the frankfurt stock exchange. >> of course it is bad news that the economy...
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Nov 12, 2012
11/12
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KCSMMHZ
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those gdp numbers are neglect foifr the japanese economy. back to you. >> thanks for that. >>> a quick look at what's on our global economic calendar for this week. on monday euro zone finance ministers get together in brussels to discuss whether to go ahead and provide greece with another loan out of the bailout package. on tuesday a finance ministers meeting is expected to get under way. on wednesday major japanese banks and other financial institutions will aannounce their first half earnings. the business results will come out amid speculation those institutions did well between april and september. u.s. retail sales for october will be out on the same day. sales have been growing for three months through september when they went up 1.1% from the previous month. financial watchers are watching closely to see if retail sales will maintain the uptrend. initial euro zone gdp will be released. it shrank .2% between april and june from the previous three months because of austerity measures taken by debt-ridden countries in the zone cut into
those gdp numbers are neglect foifr the japanese economy. back to you. >> thanks for that. >>> a quick look at what's on our global economic calendar for this week. on monday euro zone finance ministers get together in brussels to discuss whether to go ahead and provide greece with another loan out of the bailout package. on tuesday a finance ministers meeting is expected to get under way. on wednesday major japanese banks and other financial institutions will aannounce their...
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Nov 13, 2012
11/12
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KTVU
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some economists believe the economy could gain strength if lawmakers can reach a deal sooner rather than later. bloomberg news reports google is being pressured by the ftc to resovle anti-trust issues or face a lawsuit in the next few days. google is accused of abusing its dominance in the internet world. and wednesday is the next lock- up expiration on facebook, allowing employees to sell their shares of fb. good morning to larry shover of sfg alternatives. good to have you on the show larry. there seems to be a shift in the market. everybody is so fixated on this fiscal cliff. is the market going to be rather lackluster for a couple of days here because of that? > > i think it is. i think people are really concerned about something they should be concerned with. but the fact is, something will break. they will reach some sort of compromise. it might not be something that everybody likes, but i think the market will end up liking it, because there will be stability, there will be a compromise, at least by the end of the year. > > oil is big in this country. apparently we are going to ov
some economists believe the economy could gain strength if lawmakers can reach a deal sooner rather than later. bloomberg news reports google is being pressured by the ftc to resovle anti-trust issues or face a lawsuit in the next few days. google is accused of abusing its dominance in the internet world. and wednesday is the next lock- up expiration on facebook, allowing employees to sell their shares of fb. good morning to larry shover of sfg alternatives. good to have you on the show larry....
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all the politicians and the center banks would go away for two three years and then i think the micro economy will take care of it but in a more serious sense i think what we need to focus on too is to make sure that we don't over do any macro policy because macro policy will fail ultimately what we need is for you and me to get the emphasis back on creating jobs in believing in economies and create transparency that way is as only down through the biggest and fiscal multiply of all which is to create new jobs an increase on focus and jobs access to credit will be my two main remedies if i actually all the politicians went away and did nothing with the situation would resolve itself there is only i think i can prove it i mean belgium was without a government for two years every single macro indicator improved during those two years you had to presidents the president being the most successful in terms of growth he did absolutely nothing to do for atheists there's a whole concept within the economic science to say stay within that the ability of policy since to do anything is actually the best
all the politicians and the center banks would go away for two three years and then i think the micro economy will take care of it but in a more serious sense i think what we need to focus on too is to make sure that we don't over do any macro policy because macro policy will fail ultimately what we need is for you and me to get the emphasis back on creating jobs in believing in economies and create transparency that way is as only down through the biggest and fiscal multiply of all which is to...
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find out what's really happening to the global economy is a report on r t. i was joined by pakistan's former ambassador to the united states course or used to be the national security advisor to the prime minister mr mahmud ali durrani sir thank you very much for coming here because you know the united states started the war on terror back in two thousand and one now international forces are expected to pull out by two thousand and fourteen and many do ask the question is this a sign of victory or defeat well it's certainly not. i think. the way they went in and do you object is they had i don't think they succeeded in . reaching the objectives in fact when i was the master there in washington number of years back i said that the way you're going you're not going to succeed and the tragedy is that you will make us the fall guy and this is happening today in your opinion what was the purpose of this whole operation and why are you leaving now well the purpose was to defeat the taliban and remove them and initially they did succeed and removing the taliban fro
find out what's really happening to the global economy is a report on r t. i was joined by pakistan's former ambassador to the united states course or used to be the national security advisor to the prime minister mr mahmud ali durrani sir thank you very much for coming here because you know the united states started the war on terror back in two thousand and one now international forces are expected to pull out by two thousand and fourteen and many do ask the question is this a sign of victory...
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Nov 11, 2012
11/12
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KRCB
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the country's economy largely depends on aid from russia, but criticism can be dangerous. president alexander lukashenko simply does not tolerate dissent, so many of his opponent's field force to escape abroad. great britain granted political asylum to a former deputy foreign minister of belarus this summer. the man was sentenced to prison in belarus and had to flee because he had taken part in protests against lukashenko, but some eu countries are no longer keen to take on the belarussian regime. >> the worst thing is the boredom and the uncertainty. the asylum seekers center where he has been living the past year is 7 kilometers away from the border. the town's solitary cafe provides some welcome relief. he is here because he deserted from the belarussian army when he could no longer face the beatings from his superiors. >>ehould say we are prepared to take up arms if there is no other way to contain the mass protests. in the name of the republic of belarus. >> he has gotten help from opposition activists, help that is desperately needed. >> he would face a terrible fate
the country's economy largely depends on aid from russia, but criticism can be dangerous. president alexander lukashenko simply does not tolerate dissent, so many of his opponent's field force to escape abroad. great britain granted political asylum to a former deputy foreign minister of belarus this summer. the man was sentenced to prison in belarus and had to flee because he had taken part in protests against lukashenko, but some eu countries are no longer keen to take on the belarussian...
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s themselves know the measures aren't helping their greek economy. the only benefit the prime minister expects as well as he's coalition partners expect is the release of these long awaited long delayed thirty one point five billion euro but tranche from the labor that's the only thing that the government uses just if you can shoot for the program each node in the program is unfair and probably who's going to bring more recession then recruit right here whether they want to. do is to have full control of budgetary constraints as well as some element of n.b.s. to have a say in the market so. really the new conditions have to do with who is in control of the budgetary administration in greece government who are. having the last say nothing and anger over berlin to stare and drive as expected on the streets of portuguese capital where the german chancellor is expected on monday the country's parliament recently approved a new budget of spending cuts and tax hikes which prompted the biggest protest in years r.t. sarah furthur ports from was been. german
s themselves know the measures aren't helping their greek economy. the only benefit the prime minister expects as well as he's coalition partners expect is the release of these long awaited long delayed thirty one point five billion euro but tranche from the labor that's the only thing that the government uses just if you can shoot for the program each node in the program is unfair and probably who's going to bring more recession then recruit right here whether they want to. do is to have full...
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this cry of the greek economy there he said and then free foreign affair to illustrate how dire the economy is when either one of four greeks are out of work an affair for the other party elations living below the poverty line sell the question here is i mean what can be done to remedy the economy i mean what you've just sat and what's obvious the time the service does that mean that the economy is beyond repair it's certainly beyond repair give given the present situation in other words given membership of the euro it's important to understand that these measures are making the situation worse i don't just mean they're making the economy worse they're definitely making the economy worse they're making greeks the debt situation the debt ratio in greece is predicted to be one hundred ninety. percent of g.d.p. by next year that's much higher than it was with the first bailout plan was agreed and this shows that the recession that these measures are producing they are making the debt situation worse because the economy is being conforms to contract or otherwise in the words to collapse and as
this cry of the greek economy there he said and then free foreign affair to illustrate how dire the economy is when either one of four greeks are out of work an affair for the other party elations living below the poverty line sell the question here is i mean what can be done to remedy the economy i mean what you've just sat and what's obvious the time the service does that mean that the economy is beyond repair it's certainly beyond repair give given the present situation in other words given...
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Nov 14, 2012
11/12
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WETA
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the economy has shrunk 23%. >> they have to a pay attention to the social dimension in europe. at the same time, they have to be a bit more social. they have to be a bit more gentle, but i think they should not step away from austerity measures. >> the stories of hardship and tragedy are increasing. a few days ago, a woman in northern spain committed suicide after being ejected by her home. these protesters are camping, and demanding this be stopped. people are sick of this, he said. sooner or later, it is going to explode. at times in recent weeks, it has seemed as though the eurozone crisis was weakening, but the real economy is worsening, and the frustration is available and s visible on spanish streets. >> today president obama was keen to talk about the fiscal cliff, the combination of tax hikes and spending cuts. mr. obama was also forced to answer questions about the resignation of his cia chief and the events that unfolded in benghazi. >> the president of the united states, reelected and reinvigorated with big plans for his second term. >> i hear you have some questions
the economy has shrunk 23%. >> they have to a pay attention to the social dimension in europe. at the same time, they have to be a bit more social. they have to be a bit more gentle, but i think they should not step away from austerity measures. >> the stories of hardship and tragedy are increasing. a few days ago, a woman in northern spain committed suicide after being ejected by her home. these protesters are camping, and demanding this be stopped. people are sick of this, he...
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chinese economy. necessarily you know. the list and you're not it's. not. going to be. the united states. we'll leave it there for the moment no doubt the production team will get back to see if we can get a slightly better sounding but in the meantime thank you very much for your thoughts on this christopher lehman joining us live there from denmark. i spoke to him a little he's the author of. oil wars he says the new chinese leadership will have some serious challenges ahead. the easy years of the chinese economic miracle are behind them and what i've seen in my recent visits to try and over the last three or four years is a great sense of question. about western especially american economic model. is for going forward in china now the corruption that's a huge issue is population this is a pervasive sense among young people that the party leadership is not. in touch with aspirations of the younger generation or the people generally and this is a question of the very legitimacy of the party and that i think if we challenge that they're going to have to address you're g
chinese economy. necessarily you know. the list and you're not it's. not. going to be. the united states. we'll leave it there for the moment no doubt the production team will get back to see if we can get a slightly better sounding but in the meantime thank you very much for your thoughts on this christopher lehman joining us live there from denmark. i spoke to him a little he's the author of. oil wars he says the new chinese leadership will have some serious challenges ahead. the easy years...
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Nov 8, 2012
11/12
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CNNW
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it won't get us out of the problem and it will also hurt our economy. because the american people expect us to find common ground, we're willing to accept some additional revenues via tax reforl. >> now, when i hear that, i don't hear i'm okay letting taxes go up on some people. i hear i'm okay closing loopholes and deductions where some high income earners may pay more than others. is that a deal you could work with? >> the question is is, what is speaker boehner saying? he really talking about a balanced approach or what he used to talk about and republicans have claimed, which is another round of tax breaks for wealthy people will somehow trickle down, magically boost the economy so much that it will pay for itself and not increase the deficit. we know that doesn't work. and if that's what speaker boehner's talking about, then really, it's not going anywhere. now, if he's talking about what we call genuine budget revenue, that's a different story and if that's the case, i'd love to see his proposal. the president has put his on the table for revenue.
it won't get us out of the problem and it will also hurt our economy. because the american people expect us to find common ground, we're willing to accept some additional revenues via tax reforl. >> now, when i hear that, i don't hear i'm okay letting taxes go up on some people. i hear i'm okay closing loopholes and deductions where some high income earners may pay more than others. is that a deal you could work with? >> the question is is, what is speaker boehner saying? he really...
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Nov 8, 2012
11/12
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KQED
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let's talk about the economy here, though, with the fiscal clip. you heard john boehner willing to accept new revenue. heaharry reid in the senate, saying you can't push us around anymore. is this language that begins compromise. >> it will begin compromise, but it may be far more horrowing. it may be it takes place next year, rather than this year. the problem is john boehner himself has one more election. he wants to be re-elected as speaker of the house. that does not take place until january 3, 2013. if he cuts a deal with barack obama, he faces a serious revolt in his own caucus. >> tom: is your caution then don't expect a fiscal clip solution before january 3rd? is that what investors to expect? >> the best way out of this impasse for the time being, is gracious gesture for the president-elect, re-elect, president obama, he should offer to extend the tax cuts perhaps until march of next year. giving john boehner an opportunity to win his own re-election, and gather some goodwill on the republican side of the aisle. if mr. obama doesn't see it
let's talk about the economy here, though, with the fiscal clip. you heard john boehner willing to accept new revenue. heaharry reid in the senate, saying you can't push us around anymore. is this language that begins compromise. >> it will begin compromise, but it may be far more horrowing. it may be it takes place next year, rather than this year. the problem is john boehner himself has one more election. he wants to be re-elected as speaker of the house. that does not take place until...
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what's really happening to the global economy. global financial headlines. a report on. the official. language stream quality and enjoy favorites. quiet to watch. you need. any time. r.t. life here in moscow with twenty four hours a day a major transfer of power has begun in china the country set to appoint its new top leaders next week as part of the communist party congress which is now underway president hu jintao is called on the nation to fight corruption improve its military and keep the economy growing beijing based journalist henry morton reports . president hu jintao begins to hand over the reins of power to the next generation of chinese leaders vice president xi jinping widely expected to become the next head of state now president hu he's going to stand down as general secretary at the end of this week paving the way as i say for she to take over as general secretary and then as head of states in march two thousand and thirteen reform has been a buzz word around this congress it's been mentioned a lot in state media in the build up to you this week and expert
what's really happening to the global economy. global financial headlines. a report on. the official. language stream quality and enjoy favorites. quiet to watch. you need. any time. r.t. life here in moscow with twenty four hours a day a major transfer of power has begun in china the country set to appoint its new top leaders next week as part of the communist party congress which is now underway president hu jintao is called on the nation to fight corruption improve its military and keep the...
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and china's communist party elect a new leader to steer the country's powerhouse economy as part of a once in a decade political challenge. international news live from moscow this is r.t. with me thanks for joining us israel is continuing its trikes on gaza with at least three palestinians reported killed this follows ones' day rocket attacks which left turn dead including the military leader of hamas israel has also warns that a ground operation is on the table all she's talking boston is intel of. overnight the bombardment continued from the air israeli airstrikes killed three more militants belonging to the same militant group in gaza as after jobbery the head of hamas his military wing who was killed in a targeted airstrike yesterday afternoon there's also reports confirmed by the israeli military of continued shelling via the israeli navy gunboats off the coast and fixed land based artillery pieces from the southern israel from hamas twenty five rockets were fired into southern israel over the night israeli missile defenses trying to shoot those down some of them land landing in
and china's communist party elect a new leader to steer the country's powerhouse economy as part of a once in a decade political challenge. international news live from moscow this is r.t. with me thanks for joining us israel is continuing its trikes on gaza with at least three palestinians reported killed this follows ones' day rocket attacks which left turn dead including the military leader of hamas israel has also warns that a ground operation is on the table all she's talking boston is...
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rs of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone is ready with the know-how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ consider the silverado 1500 -- still the most dependable, longest-lasting full-size pickups on the road. and now we've also been...
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economy and try to get through the so-called middle income trap which i think they can do think china can do that. well just as your expert said there's already imbalances even on the trade market i mean people have been moving towards manufacturing from agriculture we're not seeing actually china's labor. even the currency which is the main tool for the for this government is still kind of dependent on the dollar so unless china actually moves to a free floating currency we won't see a market economy how is it going to do that. wall the first thing to understand of course is that china only wants to move to the free market economy where and when it suits its interests and you can't really blame it for doing that but back to the currency issue i think basically the way it works is it brings us back to the first question right because at the moment the main economic driver is still exports and china first has to really resolve that issue once it moves to or shift to a different economic driver like internal consumption it will make it easier to deal with the you want to she was well an
economy and try to get through the so-called middle income trap which i think they can do think china can do that. well just as your expert said there's already imbalances even on the trade market i mean people have been moving towards manufacturing from agriculture we're not seeing actually china's labor. even the currency which is the main tool for the for this government is still kind of dependent on the dollar so unless china actually moves to a free floating currency we won't see a market...